By Andrew Spencer — Jun 01 - 11:49 PM
• Up 0.15% in a 1.3457-1.3505 range with the USD under pressure on tariff news
• U.S. copper +3.55% on the tariffs - Brent oil +2.65% after OPEC+ as expected
• High energy costs threaten UK manufacturing's future, industry warns
• Trade war, labour costs herald the weakest UK outlook since 2022, CBI
• There is no tier one UK data today, so the U.S. dollar will likely lead GBP
• Charts- 10, & 21-day moving averages rise, negative momentum studies
• 21-day Bollinger bands gently climb - the positive setup survives
• Wednesday's 1.3522 high, then last week's 1.3593 2025 top initial resistance
• Last week's 1.3417 low then the 1.3377 21 DMA are the first supports
Andy
(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters